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Nonprofiteer
← COMMONWEALTH KITCHEN INC

Form 990 for tax year 2024

Filed by COMMONWEALTH KITCHEN INC.

Totals

Total revenue
$7,776,871
Total expenses
$7,496,312
Contributions and grants received
$4,446,583
Grants paid
$0
Program service revenue
$2,964,061
Investment income
$95,040
Other revenue
$271,187
Total assets, end of year
$14,611,737
Total liabilities, end of year
$7,163,933
Net assets or fund balances, end of year
$7,447,804
Program services expenses (Part IX)
$6,140,767
Management and general expenses
$954,433
Fundraising expenses
$401,112
Program service expenses (Part III)
$6,140,767

Program services were 81.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $628,057

  • 1f · All other contributions, gifts and grants

    $3,818,526

  • 2a · Program service revenue: RENTAL AND STORAGE FEE

    total $2,059,579 · related or exempt $2,059,579

  • 2b · Program service revenue: OTHER FEES

    total $859,632 · related or exempt $859,632

  • 2c · Program service revenue: MANAGEMENT FEES

    total $44,850 · related or exempt $44,850

  • 3 · Investment income

    total $95,040 · excluded $95,040

  • 8a · Fundraising events: gross income

    $10,000

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $10,000 · excluded $10,000

  • 11a · Other revenue: LOAN FORGIVENESS

    total $250,000 · related or exempt $250,000

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $11,187 · related or exempt $11,187

  • 11e · Other revenue, total

    $261,187

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $200,000 · program services $100,000 · management and general $100,000

  • 7 · Other salaries and wages

    total $1,466,790 · program services $1,028,691 · management and general $245,129 · fundraising $192,970

  • 9 · Other employee benefits

    total $109,999 · program services $46,016 · management and general $58,369 · fundraising $5,614

  • 10 · Payroll taxes

    total $177,194 · program services $119,183 · management and general $37,810 · fundraising $20,201

  • 11g · Fees: other

    total $927,982 · program services $575,954 · management and general $174,955 · fundraising $177,073

  • 13 · Office expenses

    total $101,329 · program services $25,852 · management and general $73,696 · fundraising $1,781

  • 16 · Occupancy

    total $578,890 · program services $532,461 · management and general $46,429

  • 20 · Interest

    total $293,077 · program services $293,077

  • 22 · Depreciation, depletion and amortization

    total $296,591 · program services $296,591

  • 23 · Insurance

    total $15,389 · program services $13,850 · management and general $1,539

  • 24a · Other expenses: ASSISTANCE TO OTHERS

    total $1,250,823 · program services $1,250,823

  • 24b · Other expenses: SUPPLIES

    total $868,337 · program services $844,495 · management and general $21,020 · fundraising $2,822

  • 24c · Other expenses: UTILITIES

    total $456,881 · program services $441,958 · management and general $14,923

  • 24d · Other expenses: CLEANING AND TRASH REMO

    total $238,684 · program services $238,534 · management and general $150

  • 24e · All other expenses

    total $514,346 · program services $333,282 · management and general $180,413 · fundraising $651

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,950,915 · end of year $3,439,071

  • 3 · Pledges and grants receivable

    beginning of year $800,843 · end of year $2,929,243

  • 4 · Accounts receivable

    beginning of year $1,010,902 · end of year $623,785

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,344

  • 10a · Land, buildings and equipment: cost or other basis

    $8,821,621

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,262,998

  • 10c · Land, buildings and equipment, net

    beginning of year $7,828,796 · end of year $7,558,623

  • 12 · Investments: other securities

    beginning of year $53,956 · end of year $55,515

  • 15 · Other assets

    beginning of year $5,500 · end of year $5,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $736,112 · end of year $560,149

  • 25 · Other liabilities

    beginning of year $6,777,899 · end of year $6,603,784

  • 27 · Net assets without donor restrictions

    beginning of year $4,929,244 · end of year $4,989,229

  • 28 · Net assets with donor restrictions

    beginning of year $2,238,001 · end of year $2,458,575

Mission and programs · 2024

Mission

CWK'S MISSION IS TO BUILD A NEW FOOD ECONOMY GROUNDED IN RACIAL, SOCIAL AND ECONOMIC JUSTICE BY STRENGTHENING THE CAPACITY, CONNECTIONS, AND COLLECTIVE POWER OF DIVERSE ENTREPRENEURS TO START AND GROW SUCCESSFUL FOOD BUSINESSES. TO ACCOMPLISH THIS MISSION, CWK OPERATES GREATER BOSTON'S ONLY NONPROFIT FOOD BUSINESS DEVELOPMENT CENTER AND FOOD MANUFACTURING SOCIAL ENTERPRISE.

Activities or mission (Part I)

TO CREATE AND GROW DYNAMIC FOOD-BASED BUSINESSES & CAREERS, PARTICULARLY FOR THOSE IMPACTED BY RACIAL, SOCIAL, AND ECONOMIC INEQUALITY.

  • READY TO LAUNCH: WITH SO MANY PEOPLE STARTING INFORMAL FOOD BUSINESSES OVER THE PAST YEAR, AND NOW LOOKING FOR SUPPORT, WE'RE CURRENTLY ADAPTING OUR START-UP PROGRAMMING INTO A NEW 16-WEEK START-UP PROGRAM, AN EXTENSION OF OUR SIGNATURE FOOD BIZ 101, INTENDED FOR BUSINESSES THAT ARE ABOUT TO LAUNCH IN CWK'S SHARED KITCHENS. THE EXPANDED PROGRAM COVERS ALL OF THE BASICS - FROM PERMITS TO HOW TO CREATE INVOICES, TO FINANCIAL MANAGEMENT AND PRICING. READY TO LAUNCH WILL ENSURE A STRONG START TO NEW BUSINESSES THAT LAUNCH AT COMMONWEALTH KITCHEN.NETWORK SUPPORT: WHEN STATE AND FEDERAL MONEY BECAME AVAILABLE, COMMONWEALTH KITCHEN JUMPED INTO ACTION, SPREADING THE WORD ABOUT RESOURCES AND HOSTING NUMEROUS WEBINARS IN COLLABORATION WITH USC AND OTHERS TO GIVE ENTREPRENEURS ACCESS TO THE ANSWERS THEY NEED TO TAKE ADVANTAGE OF RESOURCES AVAILABLE. WE ALSO LAUNCHED A FOOD BUSINESS LISTSERV, PROVIDING ADVICE AND PEER NETWORKING FOR 200+ BUSINESSES. RESTAURANT RESILIENCY: THIS PROGRAM WILL PROVIDE A NETWORK OF DEEP SUPPORT TO SMALL RESTAURANTS ACROSS THE REGION THROUGH A FACEBOOK GROUP. DESPITE THE ENORMOUS CHALLENGES OF 2020, CWK WAS ABLE TO SUPPORT OUR VITAL, BASELINE BUSINESS EDUCATION AND TRAINING PROGRAMMING, WHICH HAS BECOME ALL THE MORE CRITICAL GIVEN THE CURRENT ECONOMIC REALITIES. CWK PROVIDED A RANGE OF BUSINESS SUPPORT SERVICES, INCLUDING HOSTING WEBINARS AND PROVIDING 1-ON-1 SUPPORT SERVICES TO MORE THAN 100 BUSINESSES. WE PROVIDED DIRECT ASSISTANCE TO OVER 50 BUSINESSES APPLYING FOR VARIOUS GRANTS AND LOANS, HELPING SECURE MORE THAN $2M TO SUPPORT THEIR RECOVERY EFFORTS. WE RAISED AND INVESTED ANOTHER $1M+ THROUGH OUR COMMONTABLE EMERGENCY FOOD EFFORTS TO PAY OUR HARD-HIT FOOD BUSINESS COMMUNITY TO FEED THEIR NEIGHBORS IN NEED. AS PART OF THE PROGRAM, WE PROVIDED 25+ BUSINESSES WITH TRAINING ON BULK FOOD PRODUCTION AND PROPER COOLING AND TRANSPORTATION TECHNIQUES, AND STAFF TRAINING FOR CONTACTLESS DELIVERY.

    Expenses $6,140,767 · Revenue $4,446,583

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jennifer Faigel

    EXECUTIVE DIRECTOR

    Total calculated
    $219,687
    From this org
    $200,000
    From related orgs
    $0
    Other
    $19,687
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,687
    Filer's total
    $219,687
  • Sheldon Lloyd

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Michelle Carroll

    CLERK

    Total calculated
    $0
    Hours/week
    1
  • Robert Williams

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • John Lloyd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Raul Fernandez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CWK196 LLC

    THE LLC, WHOLY OWNED BY CWK, OWNS THE BUILDING IN WHICH CWK IS A TENANT · MA

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202523149349302317

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